JSCN(600959)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,689,950,864.66, a decrease of 5.69% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥96,649,886.25, reflecting a decline of 14.59% year-over-year[7]. - The basic earnings per share for the quarter was ¥0.0193, down 14.48% from the previous year[9]. - Total revenue for the first three quarters of 2022 was CNY 5,396,161,625.02, a slight decrease from CNY 5,461,476,741.51 in the same period of 2021, representing a decline of approximately 1.2%[27]. - Net profit for the third quarter of 2022 was CNY 315,429,989.48, compared to CNY 288,737,182.63 in the same quarter of 2021, indicating an increase of about 9.2%[31]. - The total comprehensive income for the period was CNY 315,429,989.48, an increase from CNY 288,737,182.63 in the previous year[33]. - The net income attributable to the parent company was CNY 253,823,285.81, compared to CNY 241,417,448.90 in the same period last year, reflecting a growth of approximately 1.68%[33]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥36,968,686,859.94, representing a 5.07% increase from the end of the previous year[9]. - The total assets rose to CNY 36,968,686,859.94, up from CNY 35,185,475,068.59, which is an increase of about 5.1%[27]. - The total liabilities increased to CNY 14,213,473,774.76 from CNY 12,617,931,010.50, representing a growth of approximately 12.6%[27]. - The total liabilities reached CNY 13.26 billion, an increase from CNY 11.68 billion, marking a growth of approximately 13.56%[44]. Cash Flow - The company reported a net cash flow from operating activities of ¥897,821,080.04 for the year-to-date, an increase of 0.38% compared to the previous year[7]. - Cash inflows from operating activities totaled CNY 5,685,542,611.67, a decrease from CNY 5,923,772,598.98 in the previous year[36]. - The net cash flow from operating activities was CNY 897,821,080.04, slightly up from CNY 894,404,005.50 year-over-year[36]. - Cash inflows from financing activities were CNY 5,779,445,627.33, an increase from CNY 3,455,366,990.00 in the previous year[38]. - The net cash flow from financing activities was CNY 1,202,490,785.85, compared to CNY 843,277,951.06 in the previous year, indicating a significant increase[38]. - The ending cash and cash equivalents balance was CNY 4,205,819,686.05, up from CNY 3,541,675,370.35 year-over-year[38]. Research and Development - Research and development expenses increased by 355.63%, indicating a significant rise in investment in new technologies[14]. - Research and development expenses surged to CNY 64,227,503.75, up from CNY 14,096,503.02, reflecting a significant increase of approximately 355.5%[31]. - Research and development expenses increased to CNY 47.79 million, significantly higher than CNY 29,373.95 in the previous year, showing a substantial rise[48]. Shareholder Information - As of September 30, 2022, the total number of ordinary shareholders was 112,643, with the largest shareholder, Jiangsu Guojin Group, holding 2,364,514,129 shares, representing 47.28% of the total shares[15]. - The total equity attributable to shareholders was ¥21,951,067,494.34, a slight increase of 0.71% from the previous year[9]. - The total equity attributable to shareholders increased to CNY 21,951,067,494.34 from CNY 21,797,324,110.52, reflecting a growth of approximately 0.7%[27]. - The total equity of the company was CNY 21.43 billion, slightly down from CNY 21.50 billion, a decrease of approximately 0.33%[44]. Inventory and Current Assets - The company's inventory as of September 30, 2022, was 1,577,505,186.12 RMB, up from 1,231,996,234.70 RMB, indicating a significant increase of approximately 28.06%[22]. - The company’s inventory increased to CNY 455.14 million from CNY 311.39 million, reflecting a growth of about 46.1%[42]. - The total current assets as of September 30, 2022, amounted to 11,085,890,031.33 RMB, an increase from 9,555,171,863.10 RMB as of December 31, 2021, reflecting a growth of approximately 16.04%[22]. - Current assets rose to CNY 8.07 billion, compared to CNY 7.28 billion, reflecting an increase of about 10.73%[42]. Financing Activities - The company experienced a 222.90% increase in short-term borrowings, indicating a significant rise in financing activities[14]. - The company's short-term borrowings rose significantly to CNY 465,308,055.53 from CNY 144,102,983.28, an increase of about 224.5%[27]. - The company's cash flow from financing activities was net 42.60 million, primarily due to an increase in borrowings[15]. Other Information - The company has not disclosed any significant new product developments or market expansion strategies in the current report[15]. - There are no indications of mergers or acquisitions mentioned in the report, focusing instead on existing operations and financial metrics[15]. - The company did not apply new accounting standards or interpretations for the first time in 2022[53].